Mexican Restaurant with 10 Slots

Henderson, NV (Clark County)

Mexican Restaurant with 10 Slots

Asking Price:$399,000

Cash Flow:$215,685

Gross Revenue:$1,027,804

EBITDA:N/A

FF&E:$363,868

Inventory:$4,000

Established:1988

Mexican Restaurant with 10 Slots

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Business Description

Long Established Henderson Mexican restaurant with 10 slots absentee run - now available. This fantastic restaurant boasts a wonderful reputation for a friendly atmosphere. For almost 30 years, their great food and service bring customers back again and again. This is why the Gross and Net income have been consistent over the past five years. Slots are on contract with a slot route operator on a 70/30 split, however, the contract is up for renewal providing an opportunity for a qualified buyer. Seller states that the bar is eligible for 15 slots. Seller lives out of state so the business is basically absentee run. Seller feels confident that with a hand-on local owner, the gross and net will increase. The restaurant is currently operated by the manager and 19 employees. The restaurant has 37 tables that seat 4-6 people per table, plus 16-18 stools at the bar for a total occupancy of approximately 176 people. Income quoted of $215,685.63 is with an owner operator. Keeping a manager in place shows an adjusted net income of just over $153,000.00.

Please note that a confidentiality agreement and proof of funds for purchase are required by all serious buyers prior to the release of the business name, address and confidential financial statements. If this well established business is what you are looking for, contact me today for more information!

Detailed Information

Inventory:
Included in asking price
Employees:
7FT, 12PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a leased location of 4,400 square feet and a Total Rent of $12,015. Lease ends 2/2019 with Two 5 year options. Seller is not active in the business with 7FT and 12PT employees. Hours of operation are 11am-9pm 7 days a week. Included in asking price are $4,000 in Inventory and $363,868 in FF&E. Gaming and Health Licenses are required.
Support & Training:
15 days
Reason for Selling:
Seller lives out of state

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Jeff & Linda Nyman

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Jeff & Linda Nyman

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